v3.25.2
EARNINGS PER SHARE (Details) - USD ($)
$ / shares in Units, shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]        
Net income (loss) $ (4,228) $ (23,778) $ 406 $ 109,149
Less: Net income attributable to Subsidiary Series A Preferred Units (3,679) (3,866) (7,271) (7,636)
Less: Net income attributable to Series A Preferred Stock (3,101) (3,313) (7,019) (6,533)
Add: Net loss attributable to noncontrolling interest 2,980 0 3,969 0
Net income (loss) attributable to Summit Midstream Corporation $ (8,028) $ (30,957) $ (9,915) $ 94,980
Weighted-average number of shares outstanding – basic (in shares) 12,241 10,649 12,005 10,549
Effect of assumed conversion and elimination of noncontrolling interest net income (in shares) 0 0 0 0
Weighted-average number of shares outstanding – diluted (in shares) 12,241 10,649 12,005 11,081
Common stock – basic (in dollars per share) $ (0.66) $ (2.91) $ (0.83) $ 9.00
Common stock – diluted (in dollars per share) (0.66) (2.91) (0.83) 8.57
Common Class B        
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]        
Common stock – basic (in dollars per share) 0 0 0 0
Common stock – diluted (in dollars per share) $ 0 $ 0 $ 0 $ 0
Nonvested anti-dilutive restricted shares excluded from the calculation of diluted EPS (in shares) 6,524 0 6,530 0
Restricted Stock        
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]        
Nonvested anti-dilutive restricted shares excluded from the calculation of diluted EPS (in shares) 551 0 500 19
Common Units        
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]        
Effect of nonvested restricted stock units (in shares) 0 0 0 532